strength. russell investment's erik ristuben joins us. >> tom: next friday's meeting at the white house over the fiscal cliff comes as credit rating agency standard and poors put the odds of going over the cliff at 15%. beth ann bovino, senior economist at standard and poor's joins us. beth anne, did you hear anything today from either the president or house speaker that gives you more or less hope about a deal before the end of the year? >> well it sounded that both the president and boehner seemed to be a little bit more interested in working together. now, again this is just one day after the election. so let's see if that holds up. it does look like there are a few olive branches out there. we'll see if it continues. >> putting the odds at one in even, one in eight we could still go over the cliff. cow agree that that will plunge the u.s. economy into recession and an unemployment rate back over 9%. >> i'm about in agreement with them. i think there are a few details i'm looking for. i look for the bush tax cuts to expire, the payroll tax holiday to expire, and that tow moo is a 3%
higher. he's russell investments' erik ristuben. and we'll check in on how people are feeling about the economy with the latest consumer confidence number. finally tonight, a run on bed socks, as cash-strapped britons try to keep old man winter at bay as gas and heating costs soar. bed socks are just what you think they are-- socks designed to be worn in bed. sock maker h.j. hall normally sells about 3,000 pairs between octobeand february. already this year, 9,000 pairs have flown off store shelves. 86% of its buyers said they were buying to delay turning on the heat. that's "nightly business report" for thursday, november 8. good night, everyone. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follow us on our facebook page at bizrpt. and on twitter @bizrpt.
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